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Economics
US CPI data set to show inflation remained well above Fed target in November
The US Consumer Price Index is forecast to rise 3.1% YoY in November, slightly higher compared with September. The inflation…
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Markets
Gold loses momentum as traders book profits, US CPI data in focus
Gold price loses ground in Thursday’s early European session, pressured by profit-taking and a stronger US Dollar. Fed rate cut…
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Forex
AUD/JPY Price Forecast: Edges lower below 103.00, but stays supported above 100-day EMA
AUD/JPY drifts lower to near 102.70 in Thursday’s early European session. The cross keeps the bullish vibe above the key…
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Forex
EUR/JPY hovers near 183.00 amid concerns over Japan’s deteriorating fiscal outlook
EUR/JPY holds steady as the Japanese Yen stays under pressure amid concerns over Japan’s weakening fiscal outlook. Japan’s PM Sanae…
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Forex
Japanese Yen remains confined in a range as traders await BoJ rate decision on Friday
The Japanese Yen consolidates in a range as traders seem reluctant ahead of the BoJ meeting. Bets for an imminent…
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Forex
USD/INR opens flat on hopes of RBI’s follow-through intervention
The Indian Rupee flattens against the US Dollar at around 90.80 after a sharp recovery move on Wednesday. FIIs turned…
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Soft Commodities
Cattle Closes Lower
Live cattle futures saw losses of 85 cents to $1.15 on Wednesday. There were another 20 deliveries tendered on Wednesday. Cash…
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Markets
Nat-Gas Prices Rebound as US Weather Forecasts Cool
January Nymex natural gas (NGF26) on Wednesday closed up by +0.138 (+3.55%). Jan nat-gas prices rallied sharply on Wednesday after…
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Markets
Crude Prices Rise as Global Geopolitical Risks Escalate
January WTI crude oil (CLF26) on Wednesday closed up +0.67 (+1.21%), and January RBOB gasoline (RBF26) closed up +0.0134 (+0.80%).…
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Soft Commodities
Wheat Mixed as China Cancels Some Business
The wheat complex posted mixed action on Wednesday, with HRW holding higher. Chicago SRW futures were down 2 to 3…
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